Wondering which stocks to invest in during the year 2018? Paul Mampilly, a veteran investor who has won the prestigious Templeton Award, says that there are a few industries that definitely have a future moving forward during the next few years and decades, and you should invest in those industries.

One such industry would be the car industry. Tesla is really shaking up the car industry. Companies like Ford and Honda will not be able to compete with Tesla unless they keep up with the newest trends when it comes to creating cars. Paul Mampilly says that eventually, Tesla will do to the car industry what the iPhone did to the cell phone industry. Does anyone really remember what kinds of cell phones existed before then? People hardly remember the Blackberry and the Nokia phones, even though they were really popular at the beginning. That is because the iPhone simply took everyone’s breath away, and Blackberry could not even try to compete. If you had invested in the Blackberry, you would be nowhere now. If you had invested in the iPhone right at the beginning, you would be really rich. Eventually, nobody is going to remember the regular cars like the Toyotas. The Tesla cars and other electric and green cars, as well as self driving cars, are going to be what everyone uses. The Tesla Model 3 can change everything when it comes out. It can greatly reduce the cost of owning and maintaining a car. Cars that are electric are made of fewer parts, and are thus easier to build. They are also more affordable in many ways. Therefore, the Tesla stock will continue to rise, while the other stocks in the car industry will continue to go down as Teslas start appearing on the streets more and more.

Paul Mampilly has some other picks for 2018. For example, many millennials are into health foods. They are particularly interested in services that deliver healthy foods to their homes. Many millennials are eating out, and you should invest in the food industry as it pertains to millennials. Precision medicine is another trend of the future you should invest in.

Paul Mampilly studied at Fordham Gabelli School of Business. He works with Capuchin Consulting. He is also an editor at Banyan Hill Publishing, where he publishes a popular newsletter.